I anticipate that late fall and early winter could present some good opportunities for those looking to pick up short-term rentals (STRs).One thing to keep in mind, as with most markets right now, is that return on investment (ROI) isn’t going to be sky-high.

I anticipate that the construction loan would be easier with the same bank that I used for the first spec home, since we will have history, etc. 

\Purchase amount + renovation amount + city liens + taxes = Actual cost of investmentKeep in mind that your renovation amount can and most likely will change(I always overshoot this amount) and I always anticipate the "what ifs". 

This interaction also allows one to gauge the sponsor's communication skills and professionalism.10 Questions for the First Call1) What's the Sponsor's investment thesis?

Property managers still have to be managed, so they don’t alleviate your interaction with your properties.  

@Paul M.Fannie Mae publishes guidance on where they anticipate rates over the next 12+ months.

Buy in a good location and have multiple strategies should STR not perform as anticipated.

@Andres Rodriguez and @Srikant Puvvada Southern Impression Homes is a pretty reputable group from what I've heard, but I haven't interacted with them myself.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

Until then, I'm anticipating consistent double digit increases in insurance YOY.My Thoughts:I personally think insurance expense escalators should have 5-10%(as an avg) expense escalators for the foreseeable future.Am I alone in feeling this way?